LUCKNOW, Oct. 25 -- Homebuyers in Lucknow may soon have a new option to buy residential plots at comparatively lower rates, as the Uttar Pradesh Housing and Development Board received RERA approval for its proposed Saumitra Vihar township on New Jail Road in Gosainganj. The board is targeting a launch around Diwali after nearly two years of delays.

Housing board commissioner Anil Dhingra confirmed on Saturday that the Real Estate Regulatory Authority (RERA) had cleared the scheme, which has an estimated project cost of Rs.1,612.8 crore.

Spread over nearly 270 acres, the township will offer 2,036 plots across 12 sectors. The board plans to release around 400 plots in the first phase, with the remaining plots to be offered in subsequent p...